Economy, asked by vagisha7974, 8 months ago

Explain the three characteristics of socialist economy.

Answers

Answered by Grewal007

0

Answer:

The main features of socialist economy are as follows:

(i) Collective Ownership:

(ii) Economic, Social and Political Equality:

(iii) Economic Planning:

(iv) No Competition:

(v) Positive Role of Government:

(vi) Work and Wages According to Ability and Needs:

Explanation:

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